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2025 401(k) Updates You Should Know | Queer Money Ep. 558

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Manage episode 449724005 series 1216255
Indhold leveret af Queer Money. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Queer Money eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Changes to 401(k)s are coming in 2025!

In this episode of the Queer Money Podcast, hosts David and John talk with LGBTQ+ financial advisor Jake Skelhorn about significant 401k changes coming in 2025. They highlight five key changes, including updated catch-up contribution limits for those aged 50 and above, mandated Roth catch-up contributions for high income earners in 2026, and automatic 401k enrollments. Jake also explains the Secure Act 2.0’s rules on inherited IRAs and the implications for the LGBTQ+ community. They delve into strategies for investing in retirement accounts and the potential benefits for younger and late-start savers in making the most out of these new rules.

Topics Covered:

  • 00:00 Introduction to 401k Changes in 2025
  • 00:15 Meet Jake Skelhorn: LGBTQ+ Financial Advisor
  • 03:39 Catch-Up Contributions Explained
  • 05:26 Investment Strategies for Near-Retirees
  • 07:55 Changes for High-Income Earners
  • 17:57 Automatic Enrollment in 401ks
  • 22:07 Inherited IRA Changes
  • 26:57 Conclusion and Final Thoughts

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Mentioned in this episode:

Subscribe to the Queer Money Weekly Newsletter

Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.

Subscribe to the Queer Money weekly newsletter

  continue reading

573 episoder

Artwork
iconDel
 
Manage episode 449724005 series 1216255
Indhold leveret af Queer Money. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Queer Money eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Changes to 401(k)s are coming in 2025!

In this episode of the Queer Money Podcast, hosts David and John talk with LGBTQ+ financial advisor Jake Skelhorn about significant 401k changes coming in 2025. They highlight five key changes, including updated catch-up contribution limits for those aged 50 and above, mandated Roth catch-up contributions for high income earners in 2026, and automatic 401k enrollments. Jake also explains the Secure Act 2.0’s rules on inherited IRAs and the implications for the LGBTQ+ community. They delve into strategies for investing in retirement accounts and the potential benefits for younger and late-start savers in making the most out of these new rules.

Topics Covered:

  • 00:00 Introduction to 401k Changes in 2025
  • 00:15 Meet Jake Skelhorn: LGBTQ+ Financial Advisor
  • 03:39 Catch-Up Contributions Explained
  • 05:26 Investment Strategies for Near-Retirees
  • 07:55 Changes for High-Income Earners
  • 17:57 Automatic Enrollment in 401ks
  • 22:07 Inherited IRA Changes
  • 26:57 Conclusion and Final Thoughts

Follow us:


Mentioned in this episode:

Subscribe to the Queer Money Weekly Newsletter

Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.

Subscribe to the Queer Money weekly newsletter

  continue reading

573 episoder

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